How to Budget for a New Car

March 30th, 2019 by

The thought of potentially buying or leasing a new car is always exciting. Throughout this excitement, it is always best to think about putting together a new car budget to help with the process. We want you to know that we are always here to help at Toyota South, so all you have to do is check out some of our handy tools online or stop by to talk with our team in person. For now, we have put together some great information that will help you to get started on your new car budget.

Overall Price
Regardless of whether or not you are interested in a used Toyota car or one of our new models, you need to understand what makes up the overall vehicle cost. As you shop around for a Toyota Corolla or a Toyota RAV4, know that the total price will include things like any optional feature or extended warranties that you choose, along with the title and registration fees, as well as sales tax. Adding all of these costs together will give you a clearer picture of the overall price of your vehicle.

Monthly Payment Calculation
Understanding what you might be paying each month will help you to stay within your budget. This is why we offer easy tools on our website where you can calculate your trade-in value, estimate your payments, and apply for your auto financing. Keep in mind that the more money you are able to put down on a new vehicle, the lower your regular monthly payments will go.

Toyota South is conveniently located at 961 Four Mile Road in Richmond, KY when you are ready to take a test drive. If you have any questions on the best tips for planning out your new car budget, simply give us a call in the sales department at (859) 353-6781, and we will be happy to help.

Posted in Finances